604 Headley Drive, London North

$849,000
604 Headley Drive

$849,000

Price Change
25d
DetachedBungalow

604 Headley Drive, London North

Total Monthly Obligation $4,227

Beds
6
Baths
3
Park
4
Sqft
700-1100
DOM
25d
Score
17
Yield
4.3%
Cash on Cash
-5.4%
Cap Rate
3.4%
5Y IRR
11.3%
10Y IRR
11.2%
Property Type-Detached
MLS® Number-X13835928
Beds-6
Bathrooms-3
Size-700-1100 sqft
Lot Size-69.18 × 135.35 ft
Listed on site-Sep 28, 2026
Style-Bungalow
Building Type-Detached
Age-51-99
Taxes-$5,130 (2025)
Parking-5 - Attached
Basement-Apartment, Finished
Heating-Radiant (Gas)
Brokerage-CENTURY 21 FIRST CANADIAN CORP
Cooling-Wall Unit(s)
Laundry-No
Fireplace-No
Pool-None
Facing-East
Exterior-Brick, Vinyl Siding
Roof-Shingles
Foundation-Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-North O
Title-Residential Freehold

No agent assigned

Welcome to this spacious and versatile walk-out home in desirable Oakridge! Situated on a large lot, this property offers 6 bedrooms, 2 kitchens, and 2.5 bathrooms across two levels, including a legal Additional Residential Unit (ARU)-ideal for multigenerational living, extended family, first-time buyers, or investors.The main level features 3 bedrooms, an updated 2-piece bathroom, and a newer 3-piece bathroom with custom shower. The bright, spacious living room features new energy-efficient pot lights and opens to a deck overlooking the backyard, perfect for relaxing or entertaining.The separate legal lower-level unit offers 3 bedrooms, full kitchen, living area, den, 3-piece bathroom with in-floor heating, and sunroom. Enjoy privacy between the two units while benefiting from the potential for rental income to help offset ownership costs.Numerous updates and improvements include sound-reduction construction between the units and additional sound-reducing materials in select basement walls. During the ARU renovation, plumbing was replaced on both levels and the lower-level electrical system was replaced. The upper level also received electrical improvements, including new wiring in renovated areas.All windows, except the small lower-level bathroom window, were replaced in 2026. Ten of the 13 new windows, along with the patio door, include a transferable warranty.Conveniently located close to schools, shopping, churches, Springbank Park, Sifton Bog, the Thames River, and scenic trails. A fantastic opportunity offering space, flexibility, privacy, and income potential in a peaceful Oakridge neighbourhood!

$
$
%
%
$
$
$
(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$679,200
Land Transfer Taxes$13,455
Legal Fees (Est.)
$
Total cash required for closing$184,755

Total Monthly Obligation

$4,227/mo
Mortgage $3,425
Monthly Loss $3,326
Principal$901
Interest$2,523
Property Tax$428
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.8%17
Cash-on-Cash
-9.7%1
5-Year IRR
8.0%23
10-Year IRR
9.0%
Returns Index
12.9/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
17/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$36,756/yr
NOI
$23,450/yr
Net Cash Flow
-$1,470/mo
Cash Margin
-48.0%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.576
LTV Ratio
80.0%18
Vacancy Buffer
2.3 mo36
Risk Index
20.2/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 604 Headley Drive

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

Data is provided courtesy of PropTx.

The information provided herein must only be used by consumers who have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial or other purpose.

Listing information is deemed reliable but not guaranteed accurate by PropTx or TRREB.

REALTOR®, REALTORS®, and the REALTOR® logo are certification marks owned by REALTOR® Canada Inc. and licensed exclusively to the Canadian Real Estate Association (CREA).

The MLS® trademark and MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

Data last updated within the past 24 hours.